Houston-based Stewart Lender Services Inc. has launched the Pre-Foreclosure Report, a document designed to help attorneys and lenders determine the current condition of a property title where the borrowers are in financial distress.
According to the company, the report provides a quick snapshot of the subject residential property and includes a two-owner search, vesting information, open liens, judgments and pending lawsuits, as well as tax information and other data.
The product is available in all 50 states and has several add-on options, including additional bankruptcy searches and updates to the title. Pricing for the Pre-Foreclosure Report is in line with the new Fannie Mae expense guidelines for servicers.
